Did you read the press-release and other write-ups? This is huge for Proxim. It confirms their technology, it generates name recognition, and it will create potentially very large rev. streams.
As far as takeovers that is anybody's guess. Remember, though, that PROX is a player in both W-Lan and W-HomeNetworking. They are the world leader in both, and the Compaq news further attests that fact.